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I Found A Local Source For Circulated Silver - What Prices Should I Pay?

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MikeF's Avatar
United States
3479 Posts
 Posted 01/30/2017  6:09 pm Show Profile   Bookmark this topic Add MikeF to your friends list Get a Link to this Message Number of Subscribers
So I finally found a jewelry store that has a lot of circulated silver for sale. I give these to my nephews. It's slim pickings in KC.

It is my understanding that most dealers price these based on a multiple of face value. What multiple of face value should I expect to pay for the following?

Mercury dimes
Barber dimes
Standing Liberty quarters
Walking Liberty halves
Barber halves

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thecoinguy1964's Avatar
United States
1313 Posts
 Posted 01/30/2017  6:44 pm  Show Profile   Bookmark this reply Add thecoinguy1964 to your friends list Get a Link to this Reply
You will probably have to pay a little over face, and a lot over on silver dollars. I've been buying from the same guy in my old home town for about 25 years, and he'll cut me better deals from time to time. You have to remember they do have overhead, best of luck.
Edited by thecoinguy1964
01/30/2017 6:46 pm
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RoyCoinBoy's Avatar
United States
1609 Posts
 Posted 01/30/2017  6:58 pm  Show Profile   Bookmark this reply Add RoyCoinBoy to your friends list Get a Link to this Reply
The older they get, the more you pay.
The bigger they get, the more you pay.
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MikeF's Avatar
United States
3479 Posts
 Posted 01/30/2017  7:02 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Yes I understand this guys but my question is what multiples should I expect to pay for the series I listed.
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moxking's Avatar
United States
17900 Posts
 Posted 01/30/2017  7:06 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
If it's all just junk silver, it doesn't matter nearly so much which series you are talking about from the list you gave. 12X face is a great buy, as such.

Better quality coins can't be relegated to a face multiplier.
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United States
3184 Posts
 Posted 01/30/2017  7:15 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
Mercury dimes you can get for spot.
standing liberty especially if the dates are visible, dealers will charge a little bit more
Barber halves if the dates are visible and not too slick deals will charge a bit more
Walking Liberty halves also go for a little above spot.
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United States
1450 Posts
 Posted 01/30/2017  7:52 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
How about silver Washington quarters or Roosevelt or Franklin half that are slick or common? If you just want silver you want to get it cheap. I hope you are buying this stuff fro insurance purpose.
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MikeF's Avatar
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3479 Posts
 Posted 01/30/2017  7:59 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply

Quote:
How about silver Washington quarters or Roosevelt or Franklin half that are slick or common? If you just want silver you want to get it cheap. I hope you are buying this stuff fro insurance purpose.


The coins are for my nephews. They think it's cool to look at and own coins that can't be found in everyday pocket change. I've been giving the circulated Mercs and walkers for that last couple years. Problem is I'm running out of them. I would really like to get them some barbers.
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Steele's Avatar
United States
1119 Posts
 Posted 01/30/2017  8:16 pm  Show Profile   Bookmark this reply Add Steele to your friends list Get a Link to this Reply
most everything should run right about 13-14 times face right now. most JFKs, washingtion quarters and roosevelts will be nicer; AU to some MS examples from the 60s. as you get older the quality goes down fast even in the 1950s finding an xf quarter is few and far between. you can find nicer examples of later Franklin halves easy enough, most Mercury dimes will be VF or worse; most SLQs will be VG or worse. most barber will be G or worse. if you get lucky and find a seated it's gonna be G at best. keep updated with junk silver prices by checking this thread. http://goccf.com/t/247670
Edited by Steele
01/30/2017 8:19 pm
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silverwolf's Avatar
Canada
3733 Posts
 Posted 01/30/2017  8:34 pm  Show Profile   Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
right at this moment,, halfs are running at 6.20$ for melt, quarters are 3.10, so if you can buy half dollars or quarters at close to this price you will do o.k., keep in mind if they are heavily worn, you want to pay a little less..Most dealers pay way under spot and have a little room to negotiate..if it was me, and only trying to collect for silver value, I would buy the newer stuff, 1964 coins, as there will be more silver in them from less wear..
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coin197's Avatar
United States
1963 Posts
 Posted 01/30/2017  9:29 pm  Show Profile   Bookmark this reply Add coin197 to your friends list Get a Link to this Reply
12x face.
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Debrajc's Avatar
United States
4211 Posts
 Posted 01/30/2017  9:43 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
@mkman....I need to shop where you shop for sure.

I have never seen Mercury dimes or any other 90% silver sold for spot.

13.5 x face is the going rate around here right now.
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Omegaraptor's Avatar
United States
321 Posts
 Posted 01/30/2017  10:05 pm  Show Profile   Bookmark this reply Add Omegaraptor to your friends list Get a Link to this Reply
I pulled a 1962-D Rosie from junk silver that I would grade MS-65 FB.
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5208 Posts
 Posted 01/30/2017  10:19 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list Get a Link to this Reply

Quote:
You will probably have to pay a little over face




If that is your selling plan I will take all of your silver dimes for 12¢, silver quarters for 28¢, and I'll splurge since I am a half kind of guy take all of your classic silver halves for an astonishing 70¢ each.

I can send you a pic of cash in hand if you want to make a deal.

Jus' Sayin'
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 01/31/2017  07:28 am  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply

Quote:
If that is your selling plan I will take all of your silver dimes for 12¢, silver quarters for 28¢, and I'll splurge since I am a half kind of guy take all of your classic silver halves for an astonishing 70¢ each.


I think he meant "spot" instead of "face."
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Mister Kairu's Avatar
United States
1911 Posts
 Posted 01/31/2017  08:44 am  Show Profile   Bookmark this reply Add Mister Kairu to your friends list Get a Link to this Reply
@Debra, I too am very fortunate to be able to buy US 90% for spot price (and actually a little less since they weigh them) even if the coins are cleaned, worn, or slightly damaged. So I am spoiled but 13x face doesn't seem too bad right now.
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